Trade Report: Today: REX American Resources Corp. (REX) Set to Announce Quarterly Earnings on Tuesday

Today: REX American Resources Corp. (REX) Set to Announce Quarterly Earnings on Tuesday

REX American Resources Corp. (NYSE:REX) is scheduled to issue its Q316 quarterly earnings data on Tuesday, November 29th. Analysts expect the company to announce earnings of $1.14 per share and revenue of $110.48 million for the quarter.

REX American Resources Corp. (NYSE:REX) opened at 89.15 on Monday. The firm has a market cap of $586.79 million, a P/E ratio of 27.11 and a beta of 2.06. REX American Resources Corp. has a 52-week low of $44.48 and a 52-week high of $89.70. The stock has a 50 day moving average price of $82.90 and a 200 day moving average price of $71.67.

Separately, Feltl & Co. started coverage on shares of REX American Resources Corp. in a research report on Thursday, September 15th. They issued a “buy” rating and a $94.50 price target on the stock.

In other REX American Resources Corp. news, Director Lawrence Tomchin sold 4,000 shares of REX American Resources Corp. stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $84.77, for a total transaction of $339,080.00. Following the transaction, the director now owns 144,380 shares of the company’s stock, valued at approximately $12,239,092.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Douglas Bruggeman sold 1,500 shares of REX American Resources Corp. stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $85.00, for a total transaction of $127,500.00. Following the transaction, the chief financial officer now directly owns 33,651 shares in the company, valued at approximately $2,860,335. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in REX American Resources Corp. by 412.1% in the second quarter. BlackRock Inc. now owns 1,741 shares of the company’s stock valued at $104,000 after buying an additional 1,401 shares in the last quarter. SG Americas Securities LLC purchased a new position in REX American Resources Corp. during the third quarter valued at approximately $116,000. BlackRock Advisors LLC boosted its position in REX American Resources Corp. by 3.5% in the second quarter. BlackRock Advisors LLC now owns 2,838 shares of the company’s stock valued at $170,000 after buying an additional 96 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in REX American Resources Corp. during the third quarter valued at approximately $220,000. Finally, The Manufacturers Life Insurance Company purchased a new position in REX American Resources Corp. during the third quarter valued at approximately $330,000. 90.52% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Corp. Company Profile

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